Owner to sell Armavia Airlines

Armenian Armavia Airlines (U8), which is owned by local businessman Mikhail Baghdasarov, has been put up for sale.

Armenian Armavia Airlines (U8), which is owned by local businessman Mikhail Baghdasarov, has been put up for sale. Baghdasarov told the Armenian website Panorama.am he was negotiating the company’s sale although he did not disclose details on possible buyers. However, Panorama.am reported he is considering potential buyers from Russia, Australia and Italy. Baghdasarov said there are no Armenian businessmen who could buy the airline.
U8, which operates regular and charter ...